(CNN) – Mitt Romney's presidential campaign announced Monday morning that it and the Republican National Committee combined raised $106.1 million in June and finished the month with $160 million cash on hand.

CNN confirmed last week that the Romney campaign and the RNC raised at least $100 million in June.– Follow the Ticker on Twitter: @PoliticalTicker

The Romney campaign and the RNC, which began joint fundraising in April, when the former Massachusetts governor became the presumptive GOP presidential nominee, brought in $77 in May, out-raising President Barack Obama and the Democratic National Committee that month.

Obama's re-election team has yet to announce their June figures, but last month senior Obama campaign officials predicted that Romney would bring in $100 in June, that they would be out-raised, and that Obama would be the first incumbent president up for re-election who would be out-raised by his opponent.

In an email release, the Romney campaign said that 94% of all the donations received last month were $250 or less, adding up to $22.3 million, which is just over a fifth of all money raised in June.

"This month's fundraising is a statement from voters that they want a change of direction in Washington. Voters of all stripes – Republicans, Independents, and Democrats – have made it clear that President Obama has not lived up to the promises of his last campaign," said Romney Victory National Finance Chairman Spencer Zwick in a statement.

"Our June fundraising is a sign that voters are fed up with President Obama's failure to fix our economy and want a change of direction," added Republican National Committee Chairman Reince Priebus. "While President Obama thinks that the private sector is 'doing fine,' millions of Americans are struggling to find work, pay their bills and stay in their homes. President Obama is clearly in over his head and Americans deserve better."

Fund-raising figures are considered a barometer of a campaign's strength, and much of the money goes towards paying for TV ads, get-out-the-vote efforts, and travel to allow a candidate to meet with voters.

soundoff(14 Responses)

I wonder if the 750 multi millionaires who each donated over $250,000 helped bring up that total.

July 9, 2012 07:31 am at 7:31 am |

don

Any cnance America will ever see the donor list? Fat(cat) chance

July 9, 2012 07:31 am at 7:31 am |

Wire Palladin, S. F.

This goes to show, people love you when you are rich, and keep your money offshore.

July 9, 2012 07:32 am at 7:32 am |

Namejkane fl SEND THE THREE TIME LOSER romney HOME AND MAKE IT FOUR.

A 160million and you will still lose in Nov with the republican bafoons party ,what do you think people are stupid enough to vote for the republican who have been sabatageing the economy for four years ????

July 9, 2012 07:35 am at 7:35 am |

Gurgyl

Very pathetic in an educated nation to buy eith Money that is stashed in Cayman island, and Swiss accounts, election just like a third world nation, I wonder whether this Bain Capital guy rig this Election????yes, on OBAMA12. Period.

July 9, 2012 07:35 am at 7:35 am |

jstsaying

Meg Whitman thought she could buy an election, didn't happen.

July 9, 2012 07:52 am at 7:52 am |

John

All this show Is there a lot of Millionaire and Billionaire out there trying to by a election. And I for one doesn't think you should be able to by a election. These people are not spending all this money on Mitt Romney ,because they think he make a good President. It because they want something out of him.

July 9, 2012 07:53 am at 7:53 am |

s

MOney has nothing to do with this, goes to show you how out of touch he really is. Take a look at Mass and you will see the mess he left behind.

July 9, 2012 08:07 am at 8:07 am |

JerPell

It was only fair when Obama was supposed to be the first billion dollar fund raiser......
America is waking up to Obama's corruption.....Obama himself has awaken the sleeping giant!

July 9, 2012 08:14 am at 8:14 am |

Anthony

Obviously, Republicans can raise money. The question is, what have they done with the money? Do people have any clue on what Republicans plan to do, other than starting a war with Iran, cutting taxes while the government is already running huge deficits, pledging that they will cut spending somehow (no specifics other than repealing Obama's healthcare plan, ignoring the revenue the plan raises, which exceeds the cost), and promising to do away with unnamed regulations?

July 9, 2012 08:15 am at 8:15 am |

Lionel

Twenty two million are from individual donors and 86 million from corporate donors and billionaires. Look, billionaires are trying to buy the election. Don't be fooled America. Robme is a bully, a flip-flopper and a dork.

My vote and my fellow Latinos in Florida is with Obama and Biden. That's the ticket for the middle class folks.

Where is this money coming from? Who are the donors? I suspect foreign money is being tossed into our election. Our democracy is dead!!! The SCOTUS sold us out to the highest bidder. Prepare for a revolution.

July 9, 2012 08:29 am at 8:29 am |

Dave

Sorry, Mitt. Unlike a nice house with a car elevator, you can't buy an election...

July 9, 2012 08:36 am at 8:36 am |

MaryM

Romney, Americans are NOT going to let you and your wealthy buddies "lie and buy" this election.